April 20, 2018 / 10:31 AM / a year ago

China Mobile posts 4.1 pct rise in Q1 profit

HONG KONG, April 20 (Reuters) - China Mobile Ltd, the world’s largest telecom carrier, on Friday said profit for the first three months of the year rose 4.1 percent, driven by its strong mobile business.

Profit for January-March was 25.8 billion yuan ($4.10 billion) compared with 24.8 billion yuan a year ago, while revenue rose 0.8 percent to 166.7 billion yuan.

The company had 672 million 4G customers at end-March, with handset data traffic in the first quarter rising 139 percent on year, China Mobile said in a filing to the Hong Kong stock exchange.

China’s state-owned telecom operators have been asked to continue raising service speed and cut rates as Beijing seeks to deepen reforms in the sector. ($1 = 6.2910 Chinese yuan) (Reporting by Sijia Jiang; Editing by Sunil Nair)

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